New York – The New York State Department Of Taxation And Finance Excused Bitcoin Users From Paying Sales Tax

SALT Report 3533 – In the memorandum the Department states that convertible virtual currency, such as Bitcoin, are considered intangible personal property for sales tax purposes.  Therefore purchases or use of Bitcoins are not subject to sales tax.  However, the Continue reading New York – The New York State Department Of Taxation And Finance Excused Bitcoin Users From Paying Sales Tax

Indiana – Updated Guidance On Sales Of Compressed Natural Gas and Liquefied Natural Gas

SALT Report 3532 – The Indiana Department of Revenue has changed the definition of “special fuel” and added a definition for “natural gas products” to the sales and use tax Commissioner’s Directive #50.  The sales and use tax directive covers Continue reading Indiana – Updated Guidance On Sales Of Compressed Natural Gas and Liquefied Natural Gas

Arizona – City of Somerton Transitions To Arizona DOR Collection System

SALT Report 3531 – Effective January 1, 2015, the City of Somerton will no longer use Revenue Discovery Systems (RDS) to collect Transaction Privilege Taxes (TPT).  The City will use the Arizona Department of Revenue to collect taxes.  Taxpayers currently Continue reading Arizona – City of Somerton Transitions To Arizona DOR Collection System